The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
IMAX removed (pattern negated), DRI added
Open Position Notes:
CREE turned away from the resistance zone it had approached last week, which is helpful since this one was so close to stopping out. To see that area validated shows good technical respect by the stock, particularly since that’s where my adverse exit (stop loss) currently stands. Today’s relative weakness is encouraging, but I’d like to see if this one can gather some downside momentum. If not, it may simply be carving out a trading range, in which case I’d look to make an exit in a few days time. For now, I’m staying with my existing trade parameters.
Closed Positions:
No closed positions.
